Topic: How many bitcoins do I need to retire in 20 years? - page 123. (Read 320337 times)
Assuming Bitcoin becomes really successful, anywhere from 250+ bitcoins to 2000+ bitcoins.
We can hardly predict the price of what Bitcoin will be in 2 weeks. I doubt we can predict what it will be in 20 years. My advice, save some Bitcoin and hope for the best, also have other retirement options as well. Don't put all your eggs into one basket as the old saying goes.
About tree fitty.
Actually, I'd say ~200 would be good.
If we assume the price in 20 years increases by 250% then you should be fine for a while.
Actually, I'd say ~200 would be good.
If we assume the price in 20 years increases by 250% then you should be fine for a while.
It's all about if bitcoin will be still usable and popular in 20 years from now.
With 200BTC you can make good money in future
But i don't think that you can retire with this amount maybe 500BTC+ at least.
That's insane. With 500 BTC you will be a massive whale. 20 years is a long, long, long time for technology. Hell 5 is. The supply is limited, 500 BTC is a lot in a 21 million (-all the bitcoin that got lost) if the demand keeps growing.
Anything around 30 BTC should make you very wealthy in the next decade. Just do the math. Only by having 1 BTC you are already a part of a very small % of the population. Once demand kicks in the price will go to mars.. simple supply and demand.
That is true, but BTC is still bound by the line of reality. 1 BTC could be worth a nice amount, but its nothing near enough to retire. A few hundreds of them however, would be pretty nice if the price goes to 1k+ and you keep rolling it over at small profit.
About tree fitty.
Actually, I'd say ~200 would be good.
If we assume the price in 20 years increases by 250% then you should be fine for a while.
Actually, I'd say ~200 would be good.
If we assume the price in 20 years increases by 250% then you should be fine for a while.
It's all about if bitcoin will be still usable and popular in 20 years from now.
With 200BTC you can make good money in future
But i don't think that you can retire with this amount maybe 500BTC+ at least.
That's insane. With 500 BTC you will be a massive whale. 20 years is a long, long, long time for technology. Hell 5 is. The supply is limited, 500 BTC is a lot in a 21 million (-all the bitcoin that got lost) if the demand keeps growing.
Anything around 30 BTC should make you very wealthy in the next decade. Just do the math. Only by having 1 BTC you are already a part of a very small % of the population. Once demand kicks in the price will go to mars.. simple supply and demand.
i think you need only 1BTC
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
Maybe you though 1kBTC instead of 1BTC
Because with only a single bitcoin you cant to anything big in this case retiring.
With 1k it can be possible but it is still hard to believe because the price is changing dramatically each year.
It is really early to speculate how much do we need to retire after 20 years.
But basically at the moment around 3-4BTC is needed to live within a month.
This amount can be changed in the next upcoming years because of the inflation.
It depends on your lifestyle.
Maybe 200 bitcoins is totally good.
Maybe 200 bitcoins is totally good.
10 should be definitely enough. The question is, are your hands strong enough?
It depends on your lifestyle.
Maybe 200 bitcoins is totally good.
Maybe 200 bitcoins is totally good.
i think you need only 1BTC
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
Maybe you though 1kBTC instead of 1BTC
Because with only a single bitcoin you cant to anything big in this case retiring.
With 1k it can be possible but it is still hard to believe because the price is changing dramatically each year.
Very good question to make long term plan.
But it's not easy to answer.
When you find the answer, you'll know the power of investment in many place. Not just on one currency, especially BTC.
But it's not easy to answer.
When you find the answer, you'll know the power of investment in many place. Not just on one currency, especially BTC.
it depends on your lifestyle, if i have to think about my position i think 250 bitcoin will be good at the actuale rate
Definitely our life style is an important factor on deciding the retirement amount. But here the actual prediction would be the price of bitcoin approximately on your retirement age. If you have more than enough bitcoins on your retirement you can lead a lavish lifestyle as a multi millionaire.
it depends on your lifestyle, if i have to think about my position i think 250 bitcoin will be good at the actuale rate
I have no idea but with 500 bitcoins maybe you could do fairly well but that also depend son where you live in the world as well. If you live in a cheaper country then 500 bitcoins might be huge compared to living in a developed and expensive country.
This is an unanswered question that can't be answers dfor 20 years:) The answer could range from 1 coin, to 1 million coins, to no amount of coins. What I hope for in 20 years, even though that is super far away is 1 million per coin:) I think I am reaching though.
Investing in mining data centers (mining farm) is much better that investing in bitcoins.
This just stuck you there, the amount stays the same, so you are just waiting for a jump.
Having your own mining farm, means you have a team and you are earning continually bitcoins.
But these days you'd need a lot of capital to get started and you're up against some massively well funded organisations with access to facilities, tech and infrastructure most can only dream of.
My suggestion above was to invest a high amount of money (~1million)
So instead of investing in bitcoins (buying it) you already are stucked there and you are waiting for a higher price to get profit.
A good alternative is investing that money in mining farm and you will get i think a higher profit, but it depends from the country,electricity etc..
you're suggestion doe snot make sense, with 1M you could already retire, there is no point in investing anymore, unless i know that i would get out form this shit(not form bitcoin from investing...)
or i would buy 1M in bitcoin and use it directly, you don't even need to wait for a better price
however there is no legitimate , proper answer for that as the value of crypto's is far more variable when compared to fiat's
one thing the op can do is calculate the average he need in fiat's and convert it in btc,
3 million $ todays wealth is enough for Rment...so around 12000 coins.
what off topic about my post? you're repeating what i've said, which is converting your need from fiat in bitcoin to know how many btc you need for retirement
1M in most of the cases is enough, so around 4k coins
i think you need only 1BTC
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
Maybe you though 1kBTC instead of 1BTC
Because with only a single bitcoin you cant to anything big in this case retiring.
With 1k it can be possible but it is still hard to believe because the price is changing dramatically each year.
i think you need only 1BTC
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
With 10 000 us dollar cannot have a good retirement. Nay will have a very poor retirement. Retirement last at least 15-20 years and 10 000 us dollars can be spent in only 2-3 month. So, if he will have only 1 bitcoin at the day in which will begin his retirement and this bitcoin will have as value only 10 000 us dollar he will live only two - three months and then will die.
Yes, just 10k USD will not be sufficient even now a days expenses, then how can retire with such a small amount.
he has guessed the right amount for one bitcoin and failed to get the right number of bitcoin what we needed for our retirement. I guess with 10K price, we need at least 100 bitcoins after 30 years. But after 30 years 10K is a very small amount I can predict for one bitcoin price.
i think you need only 1BTC
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
With 10 000 us dollar cannot have a good retirement. Nay will have a very poor retirement. Retirement last at least 15-20 years and 10 000 us dollars can be spent in only 2-3 month. So, if he will have only 1 bitcoin at the day in which will begin his retirement and this bitcoin will have as value only 10 000 us dollar he will live only two - three months and then will die.
Yes, just 10k USD will not be sufficient even now a days expenses, then how can retire with such a small amount.
Ok so if we speak about 1 BTC which will reach a value of $10.000 of course 1BTC isn't enough to retire. But there is still a lot of time to accumulate. When you really believe 1BTC could reach 5 digits in 20 years I would buy at least 10 coins today if you can afford it.
This would be $2400 of investment today and at least $100k in 20 years.An avreage increase of $5000 each year.
The decision to buy now shouldn't be difficult then.
i think you need only 1BTC
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
With 10 000 us dollar cannot have a good retirement. Nay will have a very poor retirement. Retirement last at least 15-20 years and 10 000 us dollars can be spent in only 2-3 month. So, if he will have only 1 bitcoin at the day in which will begin his retirement and this bitcoin will have as value only 10 000 us dollar he will live only two - three months and then will die.
Yes, just 10k USD will not be sufficient even now a days expenses, then how can retire with such a small amount.
i think you need only 1BTC
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
in future bitcoin can be rich to $10.000
i hope 1day i can be rich
With 10 000 us dollar cannot have a good retirement. Nay will have a very poor retirement. Retirement last at least 15-20 years and 10 000 us dollars can be spent in only 2-3 month. So, if he will have only 1 bitcoin at the day in which will begin his retirement and this bitcoin will have as value only 10 000 us dollar he will live only two - three months and then will die.
I think it depends on the price of the bitcoins and the inflation, you can not predict the money value of current day after 20 years. I will say that don't store bitcoins for 20 years, you never know where the bitcoin-economy will be after 20 years. For the best case, get 10 bitcoins, sell it whenever you think the bitcoin exchange price is at its best and then keep that money in fixed deposit for 20 years, this is more safe.
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